Avantax Advisory Services Inc. Buys 2,106 Shares of Snowflake Inc. (NYSE:SNOW)

Avantax Advisory Services Inc. boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 23.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,923 shares of the company’s stock after acquiring an additional 2,106 shares during the period. Avantax Advisory Services Inc.’s holdings in Snowflake were worth $1,687,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV raised its stake in shares of Snowflake by 8.7% in the third quarter. KBC Group NV now owns 39,784 shares of the company’s stock valued at $4,570,000 after purchasing an additional 3,183 shares in the last quarter. Huntington National Bank raised its stake in shares of Snowflake by 24.2% in the 3rd quarter. Huntington National Bank now owns 694 shares of the company’s stock valued at $80,000 after buying an additional 135 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Snowflake by 8.4% during the 3rd quarter. Metis Global Partners LLC now owns 6,987 shares of the company’s stock worth $803,000 after acquiring an additional 544 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Snowflake by 24.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,154 shares of the company’s stock valued at $362,000 after acquiring an additional 614 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Snowflake by 4.9% in the third quarter. CIBC Asset Management Inc now owns 11,705 shares of the company’s stock valued at $1,344,000 after acquiring an additional 544 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 1,783 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the completion of the sale, the director now owns 192,511 shares of the company’s stock, valued at $28,345,319.64. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares in the company, valued at approximately $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,648 shares of company stock worth $48,387,318. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $156.39 on Tuesday. The company has a market cap of $51.62 billion, a PE ratio of -46.13 and a beta of 1.07. The firm has a 50-day moving average of $173.11 and a 200-day moving average of $148.65. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Analysts Set New Price Targets

SNOW has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Barclays boosted their price target on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upped their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Bank of America increased their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $202.92.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.